I am totally confused on a part-year MA tax return. I have read through the forms and software instructions and the All States TTB. Among other I have interest, dividend and cap.gain income. It seems as though there is no place to prorate dividend and interest income. I used a worksheet to indicate which cap.gains belong to MA and I arrived correctly at the MA cap.gains.
It doesn't seem right to use the exclusion statement to adjust the dividends. Where am I wrong?
It doesn't seem right to use the exclusion statement to adjust the dividends. Where am I wrong?